Yalla Group Limited (YALA) Reports Q1 Revenues Beat; Provides 2Q Revenues Guidance Above Consensus
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Yalla Group Limited Announces Unaudited First Quarter 2021 Financial Results
May 10, 2021 5:00 PM EDTDUBAI, UAE, May 10, 2021 /PRNewswire/ -- Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the leading voice-centric social networking and entertainment platform in the Middle East and North Africa (MENA), today announced its unaudited financial results for the first quarter ended March 31, 2021.
First Quarter Ended March 31, 2021 Financial and Operating Highlights
Revenues were US$67.6 million in the first quarter of 2021, representing an increase of 221.0% from the first quarter of 2020.- Revenues generated from chatting services in the first quarter of 2021 were US$54.8... More